iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sets New 52-Week Low – Here’s What Happened

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.38 and last traded at $19.38, with a volume of 56041 shares trading hands. The stock had previously closed at $19.41.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The firm has a 50-day moving average price of $19.49 and a two-hundred day moving average price of $19.68.

iShares iBonds Dec 2030 Term Treasury ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0605 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IBTK. NewEdge Advisors LLC increased its position in iShares iBonds Dec 2030 Term Treasury ETF by 5,624.5% during the third quarter. NewEdge Advisors LLC now owns 420,862 shares of the company’s stock worth $8,365,000 after acquiring an additional 413,510 shares during the period. Rebalance LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 2,181.9% during the 4th quarter. Rebalance LLC now owns 259,748 shares of the company’s stock valued at $5,155,000 after buying an additional 248,365 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 105.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock valued at $4,749,000 after acquiring an additional 123,261 shares in the last quarter. Hughes Financial Services LLC bought a new position in iShares iBonds Dec 2030 Term Treasury ETF during the fourth quarter valued at approximately $2,150,000. Finally, Titleist Asset Management LLC boosted its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.5% during the fourth quarter. Titleist Asset Management LLC now owns 1,158,487 shares of the company’s stock worth $22,990,000 after purchasing an additional 100,157 shares during the period.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.